LONG BEACH, N.Y. and MEXICO CITY, Oct. 2, 2013 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) (LSE:PPT), a leading provider of international payment processing and multi-currency payment processing services, and Banorte, one of the largest banks in Mexico, today announced the first implementation in Mexico of MICROS Systems, Inc.'s (Nasdaq:MCRS) MICROS Payment Gateway integrated payment solution. The MICROS Payment Gateway is integrated with Planet Payment's "Pay in Your Currency" service.
With Pay in Your Currency, international consumers can enjoy a more comfortable shopping and lodging experience by knowing what they are paying in their home currency, while simultaneously providing the merchant with an opportunity to reduce the processing costs incurred on these transactions.
Pay in Your Currency can offer significant value-added benefits to Banorte merchants and their customers. Eligible international customers are offered the convenience of paying in their home currency at the point-of-sale. Customers are presented with a receipt or shown a point-of-sale terminal which displays the transaction amounts in Mexican Pesos and their home currency (as well as the exchange rate and other service details); customers then select the currency they wish to pay in on the receipt or terminal.
Banorte's launch of the MICROS Payment Gateway also facilitates integrated payment support for the MICROS suite of enterprise hospitality products. The MICROS Payment Gateway, hosted and operated within Planet Payment's data center and integrated to its global processing platform, supports Pay in Your Currency, acceptance of EMV "chip" and magnetic stripe cards and on-line reporting for acquiring banks and their merchants. By processing card payments directly through the hotel's property management system and eliminating the reliance on stand-alone point-of-sale terminals, the solution allows hospitality merchants to reduce operational expense, streamline night-audit reconciliation processes, facilitate EMV and PCI compliance and ultimately offer guests a more secure and seamless check-in and check-out process.
Philip Beck, Chairman and Chief Executive Officer of Planet Payment said: "Planet Payment's goal is to deliver innovative payment solutions to acquiring banks and their merchants. The MICROS solution integrated with Pay in Your Currency service announced today is another example of this commitment. Now hotels in Mexico can enjoy the operational efficiencies that flow from an integrated payment solution as well as offer their international guests an enhanced customer service by allowing them to check-out and pay in their home currency."
Hector Abrego, Deputy Director General of Alternate Channels of Banorte Financial Group said: "The partnership announced today enables Banorte to be the first financial institution in Mexico to offer this innovative means of payment for our customers. Pay in Your Currency is a clear differentiator while at the same time enhancing the end-user experience. With the recent implementation of Pay in Your Currency, Banorte confirms its commitment to staying at the forefront of bringing innovative solutions to its various channels."
Bernard Jammet, President of MICROS Latin America and Caribbean said: "We are excited to join forces with Banorte and Planet Payment in Mexico, enabling our current and future MICROS customers to provide a better experience to their guests while strengthening their operations. This is one of several approaches MICROS offers to address the ever changing world of electronic and mobile payments."
ABOUT GRUPO FINANCIERO BANORTE
Grupo Financiero Banorte was founded in 1899 and provides products and services in the Mexico market. Banorte is currently the third largest banking institution in Mexico, measured by the size of the loans and deposits. With over 22 million customers, and a network over 1300 branches and around 6700 ATMS country wide, retail banking is primary focus for Banorte Financial Group. Banorte also provide, a complete set of products and services through its brokerage house, Insurance company, Retirement Funds Administration (AFORE), Investment funds operation, as well as it Leasing and factoring Companies, and Warehousing company. Banorte has established itself as one of the most profitable banks in Mexico and is known for its strong fundamentals, showing quality of assets, as well as high levels of liquidity and capitalization. Visit www.Banorte.com for more information.
ABOUT PLANET PAYMENT
Planet Payment is a leading provider of international payment processing and multi-currency processing services. We provide our services in more than 20 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers. Our point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with our ATM services are integrated within the payment card transaction flow enabling our acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.
Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. Visit www.planetpayment.com for more information about the Company and its services.
About MICROS Systems, Inc.
MICROS Systems, Inc. provides leading enterprise-wide applications, services and hardware for the hospitality and retail industries. Serving an extensive portfolio of clients worldwide, MICROS solutions are utilized in over 567,000 hotels, casinos, table and quick service restaurants, retail, leisure and entertainment, fuel and convenience, cruise, and travel operations in more than 180 countries, and on all seven continents. MICROS combines its industry knowledge and expertise to provide cloud-based, mobile and on premise solutions that allow its clients to streamline operations and successfully engage their customers.
MICROS applications include point of sale, property management, central systems, business intelligence, eCommerce, loyalty, CRM, loss prevention, distributed order management, labor management, inventory management, and merchandise planning solutions. MICROS services include hosting and SaaS, platform implementation and integration, strategic business consulting, interactive marketing, design services including creative and user experience, and managed services. MICROS stock is traded through NASDAQ under the symbol MCRS.
For more information on MICROS and its advanced information technology solutions for the hospitality and retail industries, please visit the MICROS website at www.micros.com or send an email to email@example.com. Follow MICROS on Facebook, LinkedIn, YouTube, and the MICROS Blog.
CONTACT: Media Contacts Planet Payment Contact: Joel Mayer Telephone: 516.670.3200 email: firstname.lastname@example.org www.PlanetPayment.com UK PR Firm for Planet Payment Redleaf Polhill Contact: Emma Kane/ Rebecca Sander-Hewett/ David Ison Telephone: + 44.20.7382.4730 email: Planet@RedleafPR.com US IR Firm for Planet Payment ICR Contact: Don Duffy / Dara Dierks Telephone: 646.277.1212 Banorte Contact: Alejandro Vazquez Telephone: +52 (55) 1670 2994 www.banorte.com MICROS Contact: Louise Casamento Telephone: 443.285.8144 or (866) 287-4736Source:Planet Payment